RealINSIGHT Marketplace and CBRE Capital Markets are pleased to present the sale of Hen House Marketplace, a fee-simple, 73,675 square foot grocery-anchored retail center located in Olathe, KS in suburban Kansas City (the “Property”). The stabilized property was constructed in 1999, consists of three buildings, includes 335 parking spots (or 4.42 spaces per 1,000 SF) and is situated on 14.38 acres.
The Property is currently 94% occupied by eight tenants and is anchored by the regional grocer, Hen House whose parent company owns and operates 27 stores in the Kansas City metro area. Other tenants include national retailers such as Jiffy Lube (operating on a pad lease), Starbucks (with drive-thru), Sprint and H&R Block. Shadow anchors include an adjacent Petco & Lowe’s and a Walmart-anchored center is located opposite the entrance to the Property.
Located approximately 20 miles southwest of Kansas City’s CBD, Hen House Marketplace sits in the Southern Johnson County submarket in Olathe, one of the region’s most desirable and affluent suburbs, and benefits from its proximity to Interstate 35, the area’s major thoroughfare running northeast to Overland Park and continuing through to downtown Kansas City.
The sale presents a unique opportunity for investors to purchase a well-located, grocery-anchored retail center at an attractive basis in one of the Kansas City’s strongest retail corridors. The offering provides a mix of stability via the grocery-anchor, and value-add, upside potential through future leasing and renewals/extensions of existing tenants at below market rents.
Kansas Auctioneer: Richard Shawn Terrel License No. 00216208
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
13600 Blackbob Road, Olathe, KS 66062
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.